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Tuesday, April 16, 2013

Haptic technology market worth $51.77 billion by 2018

USA: According to a new market research report of "Haptic Technology Market for Touchscreen (2013- 2018): By Components (Kinesthetic & Tactile Sensing, Actuators); Technology (Resistive, Capacitive); Devices (Touchscreens, Input Devices); Applications (Consumer Electronics, Automotive, Medical)", published by MarketsandMarkets, is expected to grow at a CAGR of 41 percent from 2013 to 2018 and reach $51.77 billion in 2018.

Haptics creates multi modal experiences that improve the usability by engaging touch, sound, and sight. Haptics improve the usability by fully engaging the user's senses such as in a shooter game when a user selects a virtual button; he/she can sense the button due to the haptics and performs much better.

Haptics provides the users with in-built and definite tactile confirmation. Haptics also makes a user more confident by improving the safety and overcoming the distractions. Haptics rebuilds the mechanical feeling as the user is able to touch and feel the buttons on the touchscreen.

The overall haptic touchscreens market is segmented into three major segments namely: application, touch technologies and geography. All the major segments are further segmented into sub segments. All the segments and sub segments are separately described in the report.

Global haptic touchscreens market is expected to reach $51.77 billion by 2018, at an estimated CAGR of 41 percent from 2013 to 2018.

The major driving factors for the haptic technology market are the growth of the Smartphone's and virtual interfaces. In the report, different Touchscreen technologies are discussed like capacitive touchscreens, resistive touchscreens, surface acoustic wave (SAW) touchscreens, optical imaging touchscreens, and others.

Haptic technology is increasing in use for capacitive touchscreens. Haptic technology in touchscreens is based on two different types of sensing systems, namely Kinesthetic and tactile. Different types of actuators, electronic systems, and the software's required for a haptic system are also discussed in the report.